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the markets may be hanging off the fiscal cliff, causing investors to take cover until caller waters prepail. we want to know which stock you are betting on for high risk high reward in 2013. let's be clear, this is money that you're willing to lose. this is a lottery ticket play. this is, if you have to take a flyer on any stock in 2013, what would it be and we asked our traders, so, doc jay? >> scientific games. sgms. if mobile gaming, if you start walking around with one of these and you can play all manner of gaming, video poker, slot machine, all that sort of thing, these guys make that kind of technology work. that's why i like sgms. it was north of $40 five years ago. it's cheaper than going to see "les mis" though anthony's daughter is in it. >> correct. i've seen it three times. >> gets better each time, right? >> better each time and i caught the seconds she's in it. go amelia. >> steve weiss, similar rationale. you picked a stock that is in the -- >> toilet. >> yes. thank you for saying that. >> nihd. and here's the story with it. it's cheap. only four times enterprise val
the markets may be hanging off the fiscal cliff, causing investors to take cover until caller waters prepail. we want to know which stock you are betting on for high risk high reward in 2013. let's be clear, this is money that you're willing to lose. this is a lottery ticket play. this is, if you have to take a flyer on any stock in 2013, what would it be and we asked our traders, so, doc jay? >> scientific games. sgms. if mobile gaming, if you start walking around with one of these and...
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Dec 26, 2012
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they will avoid the fiscal cliff, and they'll do it in a way that will produce a budget agreement either in this lame-duck session or in the first couple of months of next year. that's what i think will happen. >> there's the part of the conversation every year that drives mika crazy when i talk about how we all, in the 1990s, worked together despite some pretty tough differences. >> we didn't in 1995. we had a pretty rough '95. >> '95 was an ugly year. there were a couple of other ugly years. >> but the other ugly years we already had a modus operandi of working together. if you look at what was accomplished in '98, '99 and 2000, they were good years. the only desert year was 1999. >> i faulk specifically about 1999 because people will poke at me when i talk about how you and the republican congress worked together. i say no, you should look at 1999 because even in the worst of times, the president's people were talking to leaders of congress. >> every day. >> and somehow even in the worst of times, even in a constitutional crisis, government worked. people put the country ahead of thei
they will avoid the fiscal cliff, and they'll do it in a way that will produce a budget agreement either in this lame-duck session or in the first couple of months of next year. that's what i think will happen. >> there's the part of the conversation every year that drives mika crazy when i talk about how we all, in the 1990s, worked together despite some pretty tough differences. >> we didn't in 1995. we had a pretty rough '95. >> '95 was an ugly year. there were a couple of...
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Dec 26, 2012
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to be in the cyclical stocks if you get a deal on the fiscal cliff. if not, then retail goes worse. we analyzed this last week and said there's big drag. >> so, doc, is the trade the prudent trade you have to take some money off the table in the retail space? the consumer, the data has shown to be good and then you get holiday numbers from master card that say we're only up .7%. >> i'll take any gains we can get. the fact that we're just about flat is a positive for me. obviously there's a pretty significant rotation and people are selling today in these retail names. you can see that because the volumes are pathetically low on the rest of the street. about 50% of normal activity so far to date whether it's options or stock or even futures. but this particular sector you look at the stocks, whether it's tiffany's, coach, or abercrombie & fitch, all of them are nearly trading full session volumes. they're certainly on track for that. it's the only sector in the market that is. there are other sectors that are moving, but you're not seeing any real doll
to be in the cyclical stocks if you get a deal on the fiscal cliff. if not, then retail goes worse. we analyzed this last week and said there's big drag. >> so, doc, is the trade the prudent trade you have to take some money off the table in the retail space? the consumer, the data has shown to be good and then you get holiday numbers from master card that say we're only up .7%. >> i'll take any gains we can get. the fact that we're just about flat is a positive for me. obviously...
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does the fiscal cliff even matter? over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insue q usaa. we know what it means to serve. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be m
does the fiscal cliff even matter? over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insue q usaa. we know what it means to serve. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with...
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Dec 29, 2012
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first, we have to get back to the fiscal cliff impasse and the president's decision to ask the senate leaders to make a deal. here now to ace cnbc contributor, biden's chief economist and jimmy path kukis of the american enterprise institute. will we have a deal by monday. >> >> think we are. if you had asked me before the president spoke i would have said no. >> why? >> because i can see a path. if mcconnell and reid can hammer out a deal that's acceptable to both of them i believe that john boehner will let that deal come up for a vote in the house, and i believe that vote will pass in the house though probably with majority democrat. if that happens, we may well have a deal. >> you said a big f, though. if mcconnel and reid can hammer something out. the senate hasn't passed a budget in years, jared. tell me, how is harry reid going to come up with something by monday? >> well, as you've been stressing for most of the show, correct me, this is not a budget. this is a last-minute deal that's going to have a few components and i will count them on one hand that will have a tax thresho
first, we have to get back to the fiscal cliff impasse and the president's decision to ask the senate leaders to make a deal. here now to ace cnbc contributor, biden's chief economist and jimmy path kukis of the american enterprise institute. will we have a deal by monday. >> >> think we are. if you had asked me before the president spoke i would have said no. >> why? >> because i can see a path. if mcconnell and reid can hammer out a deal that's acceptable to both of...
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cliff, consumers think next year we'll see higher taxes and lower entitlements. the only place in our space where we see a very significant fiscal cliff hit is aspirational customer, so the step-up customer into low-end tiffany's jewelry, for example, we just don't think they showed up this year. >> even if people, stacy, are going to be hit by higher taxes next year, at least some people are going to be hit by higher taxes next year, a lot of this is psychological, isn't it. you turn on the tv and you're feeling spooked, right? and once we have a deal or resolution, uncertainty taken away, will people unleash their spending? will this be unlocked? >> i think at the high end, yes, there will be some relief, and, you know, to laura's point, we were in tiffany over the weekend, you would be shocked how much sales help was available on the silver floor. typically you can't get near a sales person there. >> right. >> but a lot of it is psychological, but then again, christmas has come and gone and the full-margin products have come and gone. you fix the fiscal cliff
cliff, consumers think next year we'll see higher taxes and lower entitlements. the only place in our space where we see a very significant fiscal cliff hit is aspirational customer, so the step-up customer into low-end tiffany's jewelry, for example, we just don't think they showed up this year. >> even if people, stacy, are going to be hit by higher taxes next year, at least some people are going to be hit by higher taxes next year, a lot of this is psychological, isn't it. you turn on...
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maybe rg3 can negotiate the fiscal cliff next. we'll be right back with more on "morning joe." humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? ♪ >>> all right, there were some sports events that happened over the weekend, and -- >> one or two. >> -- i'm going to toss this to michael steele, who loves the redskins, and they made the playoffs, michael. >> absolutely. hail to the redskins. rg3, alfred morris, boy, they knocked it out of the park. and look, the washington guys like biden and mcconnell can learn something from this, you know? when the quarterback is down, maybe you get a little tailback like alfred morris to come in and help you out, and that's what he did for the skins. awesome game last night. >> all right. ed rendell, i guess we've got rookie quarterbacks matching up next
maybe rg3 can negotiate the fiscal cliff next. we'll be right back with more on "morning joe." humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? ♪ >>> all right, there were some sports...
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. >> and then next as lawmakers make a last-ditch effort to avoid the fiscal cliff, what's an investor to do right now? should you opt for the relative safety of gold in the new year, for example, or take your chances with, oh, how about stocks? it's gold versus stocks when we come back after this. iency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> as we speak, congressional leaders and president obama are meeting at the white house as they work on last-minute negotiations to try
. >> and then next as lawmakers make a last-ditch effort to avoid the fiscal cliff, what's an investor to do right now? should you opt for the relative safety of gold in the new year, for example, or take your chances with, oh, how about stocks? it's gold versus stocks when we come back after this. iency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and...
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. >>> in our next hour, more nonsense. have you heard about the fiscal cliff? we go deeper into another cliff that's more of a threat to our economy. it is the container cliff. >>> i own maria's italian kitchen. we employ 400 people. the fiscal cliff is going to impact our business, who knows how much we can spend to increase our business and expansion may not be possible. the customers are so uncertain as to how they will spend their money that eating out may be considered a luxury. it really hinders our expansion possibilities. this is not a partisan issue. this is an american issue. the american people have been on a roller coaster for the past four years. it's time for them to get on stable ground. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a d
. >>> in our next hour, more nonsense. have you heard about the fiscal cliff? we go deeper into another cliff that's more of a threat to our economy. it is the container cliff. >>> i own maria's italian kitchen. we employ 400 people. the fiscal cliff is going to impact our business, who knows how much we can spend to increase our business and expansion may not be possible. the customers are so uncertain as to how they will spend their money that eating out may be considered a...
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fewer than five days to go until whi we go over the proverbial fiscal cliff and when dividend taxes go up it makes an already bad situation worse. >> right now the tax is 15%. by next tuesday, folks, wouts a deal from congress, they are going to more than double to 39.6%. now he wrote this opinion piece in "forbes" highlighting an unfair tax code that rewards debt and penalizes those dividend payments. joining us now here is the author of that, the ceo of otc markets group. you've got a real bone to pick over this. plain your special. thank you amanda and bill. have 16 under daying securities in the otc marketplaces. these companies attract dividend investors. keep them honest and great source of revenue. hour, dividend taxes are not taxed at 15% but are double taxed. companies have to pay taxes on their profits before distributing them as dividends. dividends are double taxed and will almost be triple taxed unless we do something in washington. all those million of dividend investors should be really angry. bad for them but it's bad for the economy. >> realistically though could we re
fewer than five days to go until whi we go over the proverbial fiscal cliff and when dividend taxes go up it makes an already bad situation worse. >> right now the tax is 15%. by next tuesday, folks, wouts a deal from congress, they are going to more than double to 39.6%. now he wrote this opinion piece in "forbes" highlighting an unfair tax code that rewards debt and penalizes those dividend payments. joining us now here is the author of that, the ceo of otc markets group....
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looks good. >> thank you carl. >> see you next time. >>> financials and the fiscal cliff. what is next for the big bank trade after a big run up in 2012? we have sanford bernstein's brad hintz to weigh in. first rick santelli always clean shaven is joining us next working on something for a little later on. >> we have jeff carter. we're going to talk about the fiscal cliff but from a much more cynical perspective. he believes that the cbo's call, if we go over the cliff in recession, well, he doesn't believe him. he says there is a keynesian base. what does it mean? he too cynical? i don't know. tune in in about 11 minutes to find out. >>> financials and the fiscal cliff plus the looming february stress tests is the big bank runup of this year finally coming to a close? brad hintz is an equity research analyst and joins us from new york. good to see. good morning. >> thanks for having me. >> new year is going to be fascinating to watch. dodd frank implementation. let's just talk about the rules first. investors know these are coming and why are the stocks trading up in lig
looks good. >> thank you carl. >> see you next time. >>> financials and the fiscal cliff. what is next for the big bank trade after a big run up in 2012? we have sanford bernstein's brad hintz to weigh in. first rick santelli always clean shaven is joining us next working on something for a little later on. >> we have jeff carter. we're going to talk about the fiscal cliff but from a much more cynical perspective. he believes that the cbo's call, if we go over the...
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. >> it could be fiscal cliff-proof, the big trade you cannot avoid coming up next. >> and a montana rancher makes his voice heard on estate taxes. if we go over the cliff, he said it could put farms out of business. >> and the governor of montana will weigh in on that himself. more on that when we come back. stay tuned. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. . >>> another day, another step closer to the edge. talking about the fiscal cliff, of course. how are traders protecting themselves from the w
. >> it could be fiscal cliff-proof, the big trade you cannot avoid coming up next. >> and a montana rancher makes his voice heard on estate taxes. if we go over the cliff, he said it could put farms out of business. >> and the governor of montana will weigh in on that himself. more on that when we come back. stay tuned. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced...
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up next what the fiscal cliff could mean for mom and pop retailers. >> i predict "street signs" will be back right after this. >> you're a genius. ething. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatening. if you have a history of heart or bloo
up next what the fiscal cliff could mean for mom and pop retailers. >> i predict "street signs" will be back right after this. >> you're a genius. ething. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on...
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about the deal regarding the fiscal cliff. and consumers on everything from cell phones to tablets could become vulnerable to cyber-crime. mcafee has released its 2013 predictions report and expect to see a rapid level of cyber-threats in the coming year. michele is the privacy officer of mcafee. good morning. >> good morning to you. >> strikes me as we all go mobile, talk about opening a new doorway for thieves and criminals to enter, what does that mean for threats in the new year? >> it's really interesting. mobile is one of the places we're seeing a lot of new attacks. there's a couple deficit vectors for the attacks. the bump and steal attack. nfc, how you do mobile wallet. crooks are able to walk through crowds and literally bump into your phone and steal information from your phone. that's one of the attacks. the other thing is your telephone has turned into a powerful computing device and like you protect your pc and other devices, you need to think about protection on the phone itself from traditional hacking exploits
about the deal regarding the fiscal cliff. and consumers on everything from cell phones to tablets could become vulnerable to cyber-crime. mcafee has released its 2013 predictions report and expect to see a rapid level of cyber-threats in the coming year. michele is the privacy officer of mcafee. good morning. >> good morning to you. >> strikes me as we all go mobile, talk about opening a new doorway for thieves and criminals to enter, what does that mean for threats in the new...
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. >> under current law on january 1st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. i hope that congress will look at that and figure out ways to achieve the same long-run fiscal improvement without having it all happen at one date. >> there's still significant distance between the two sides, but negotiations continue. there's still time left to reach an agreement. and we intend to continue negotiations. >> and so, here we are, new year's eve, and the country counts down to popping champagne corks, the ball dropping in times square, and going over the fiscal cliff. if congress fails to act in the remaining hours of 2012, taxes will go up on all americans and a series of mandatory government spending cuts will kick in. hello, new year. hello, new recession. after two years of missing self-imposed deadline after self-imposed deadline, all eyes were on the senate over the weekend as the house's failure to even bring a plan to a vote left it up to the upper chamber to find a way out. vice president biden who had remained on the sidelines in this r
. >> under current law on january 1st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. i hope that congress will look at that and figure out ways to achieve the same long-run fiscal improvement without having it all happen at one date. >> there's still significant distance between the two sides, but negotiations continue. there's still time left to reach an agreement. and we intend to continue negotiations. >> and so, here we are, new...
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. >> the obvious question, are we going to go over the fiscal cliff? >> we'll find out in the next 48 hours what congress will decide to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended, and they are all about to expire at the end of the year. so on midnight december 31, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they are less likely to hire, and the whole economy could slow down at a time when the economy is actually starting to pick up. we are seeing signs of recovery in housing and in employment numbers improving. and so what congress needs to do, first and foremost, is to prevent taxes from going up for the vast majority of americans. and t
. >> the obvious question, are we going to go over the fiscal cliff? >> we'll find out in the next 48 hours what congress will decide to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended, and they are all about to expire at the end of the year. so on midnight december 31, if congress doesn't act, then everybody's taxes...
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cliff negotiation is concerned. both the republicans and democrats seem very inclined to allow payroll taxes to go back up for people who earn $50,000 a year. that's $1,000 less they will take home next year, and that's real money. >> the perception is they're doing that to help those zillion nares and billionaires at the top. i mean, to add to the pain is why you may be facing the pain is for people that have no pain might have a little less pain even more. i mean, it's incredible. you know, yes, it's good to say, but saving for a rainy day is good for those not drenched with the rain. you talk about people in the rain that are going to suffer who has this whole sermon that we hear from washington of shared sacrifice when we didn't have shared prosperity. >> absolutely. but those people who actually are trying to save right now, we've got a whole enormous sector that has absolutely no rainy it day fund whatsoever. half of the americans are financially fragile. they couldn't come up with 2,000 if they needed to come
cliff negotiation is concerned. both the republicans and democrats seem very inclined to allow payroll taxes to go back up for people who earn $50,000 a year. that's $1,000 less they will take home next year, and that's real money. >> the perception is they're doing that to help those zillion nares and billionaires at the top. i mean, to add to the pain is why you may be facing the pain is for people that have no pain might have a little less pain even more. i mean, it's incredible. you...
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david trainer says we are headed for a market rally next year no matter what happens with the fiscal cliff. and we will also be told what stocks he thinks are undervalued right now. let's start with larry. we're glad we picked up from the 150 point loss. i'm glad about that. looks like there won't be a santa claus rally this year. >> no, it doesn't look like it. we saw some pretty big down drafts today and earlier in the week. that's not what traders expect when we get into the last couple weeks of december. we usually have low volume rallies. we have done opposite. high volume drops in the market. today was a good example. recovered quite a bit but those points in the the chart have been made. the traders look at that and see the markets keep making lower lows and that makes them want to sell into the market and not buy it. shibani: david, i want to get your thoughts, you know, despite what's going on in and around the beltway, the gridlock that exists, you're still a believer in these markets. you believe in the markets forging ahead. tell me why you're so optimistic considering th
david trainer says we are headed for a market rally next year no matter what happens with the fiscal cliff. and we will also be told what stocks he thinks are undervalued right now. let's start with larry. we're glad we picked up from the 150 point loss. i'm glad about that. looks like there won't be a santa claus rally this year. >> no, it doesn't look like it. we saw some pretty big down drafts today and earlier in the week. that's not what traders expect when we get into the last...
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if we go over the cliff, are we looking at a potential -- next week? >>> we'll provide live coverage of president obama's statement on the fiscal cliff negotiations at 5:45 p.m. >>> also, through the magic of digital recording, chris matthews will be back to talk about why the 2346789 ra refuses to back even the most common sense proposals to limit the avail 5ek9 of assault weapons. this is "hardball," the place for politics. when you have diabetes... your doctor will say get smart about your weight. for politics. glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. up high! ok. don't you have any usefull apps on that thing? who do you think i am, quicken loans? ♪ at quicken loans, our amazingly useful mortgage calculator app allows you to quickly calculate your mortgage payment based on today's incredibly low interest rates... right from your iphone or android smartphone. one more way quicken lo
if we go over the cliff, are we looking at a potential -- next week? >>> we'll provide live coverage of president obama's statement on the fiscal cliff negotiations at 5:45 p.m. >>> also, through the magic of digital recording, chris matthews will be back to talk about why the 2346789 ra refuses to back even the most common sense proposals to limit the avail 5ek9 of assault weapons. this is "hardball," the place for politics. when you have diabetes... your doctor...
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>> and is, as i look at next week and the fiscal cliff presumably happening, going over it, john boehner is supposed to be re-elected speaker on next thursday. >> on the 3rd, yeah. >> is that going to change everything and he's going to say, to hell with this right-wing tail wagging my dog, i don't need you guys anymore? >> no, because the house isn't the only theater of this. there's the senate, of course. we talked briefly about this earlier, but mitch mcconnell has a senate election in 2014. and if there's been one thing that's been noted over the past year, it's these crazy senate challengers have the chance of knocking off a person in the primary. and i'm assuming that mitch mcconnell knows that. >> this is great. this is great. we love this. tension at the convention of both ends of pennsylvania avenue, the white house, congress. this is terrific stuff. kurt, stay with us, okay? can you. we're begging you, begging you. >> you're adding gravitas to this. >>> we'll also bring in nbc news political director, chuck todd, also nbc white house correspo corresponde correspondent. >>> firs
>> and is, as i look at next week and the fiscal cliff presumably happening, going over it, john boehner is supposed to be re-elected speaker on next thursday. >> on the 3rd, yeah. >> is that going to change everything and he's going to say, to hell with this right-wing tail wagging my dog, i don't need you guys anymore? >> no, because the house isn't the only theater of this. there's the senate, of course. we talked briefly about this earlier, but mitch mcconnell has a...
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we have that amount of time to stop the fiscal cliff. if we go over the fiscal cliff $700 billion of spending will be taken out of our economy. we have to change the scale of that fiscal cliff to a slight gradual bunny slope. so that our economy won't be zero next year. that is in a recession which will occur if we take $700 billion out of it because of the tax increases and spending cuts. about 100 to $200 billion is all that we can afford to take out of it. then our gross domestic product will still grow at about 2.5% to 3%. that's the first step. then speaker boehner and the president come together. they are within $500 billion of step two. $3 trillion debt reduction. all he is there to do is come back and -- $2.5 trillion -- >> next ten years. >> that's where we need them to generate the political will that's right for america's economy. >> i want to ask you about political will. we look at he is mums and it seems there is a lot of republicans that are weary of the -- agreeing to any deal because of a threat of a primary. a lot of th
we have that amount of time to stop the fiscal cliff. if we go over the fiscal cliff $700 billion of spending will be taken out of our economy. we have to change the scale of that fiscal cliff to a slight gradual bunny slope. so that our economy won't be zero next year. that is in a recession which will occur if we take $700 billion out of it because of the tax increases and spending cuts. about 100 to $200 billion is all that we can afford to take out of it. then our gross domestic product...
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Dec 31, 2012
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if congress does reach a small deal on taxes before the fiscal cliff deadlines up, their next fight over the dead ceiling will be queued up and ready to go. whether or not we go over the fiscal cliff tomorrow night, a political stand-off over the debt ceiling is imminent. joining us sort through all of this current and future fiscal crises is ezra klein. at "the washington post" as well as columnist for bloomberg view. thanks for joining us. you addressed the issue of what happens next, i saw you on rachel's show friday. your theory are it's key to how the fiscal cliff plays out. explain. >> there's a significant difference of opinion in the political ramification of what happens if we go over and it comes down debt ceiling. if we go over the fiscal cliff they have all of the leverage because we'll go into the debt ceiling and it will be just like 2011 again. they'll say we're not going to raise the debt ceiling unless you cut entitlements, barack obama will say no and terrified of consequences of national default he'll say yes. so they'll get all of the entitlement cuts with no tax incr
if congress does reach a small deal on taxes before the fiscal cliff deadlines up, their next fight over the dead ceiling will be queued up and ready to go. whether or not we go over the fiscal cliff tomorrow night, a political stand-off over the debt ceiling is imminent. joining us sort through all of this current and future fiscal crises is ezra klein. at "the washington post" as well as columnist for bloomberg view. thanks for joining us. you addressed the issue of what happens...
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no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows exactly what is going to happen. >> much of the uncertainty centers around whether the united states is about to fall off that a fiscal cliff. if that happens, that would mean the end of the temporary payroll tax cuts. even if that doesn't happen, most believe taxes will go up next year. >> one of the things that is being floated right now is people are advising people to get out of dividend paying funds, high dividend yield funds and move more into tax exempt bonds and things like that tha
no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may...
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cliff entirely and getting ready for the next fight. senator bob corker spoke moments ago on capitol hill. >> we immediate to do something in the 4 1/2 to $5 trillion range. so we can begin this year with this and in the rear view mirror and our economy really has the opportunity to take off. i think it is apparent that on these -- december 29 without anything that's bold in place, that's probably not going to happen. so, unfortunately, for america, the next line in the sand will be the debt ceiling. secretary geithner sent up a letter. it is probably around mid march action has to be taken. >> we are going to keep an eye on that. he will keep talking. we will bring you the highlights. first, though, this is going to be pretty hot. we have singer/songwriter, a man you are going to want to hear from whose biography could serve as a life lesson in and of itself. john forte joins us next on "now." >>> john forte grew up in brooklyn and made it to exeter academy on a violin scholarship and was a bram any nominated producer. he got a dream a
cliff entirely and getting ready for the next fight. senator bob corker spoke moments ago on capitol hill. >> we immediate to do something in the 4 1/2 to $5 trillion range. so we can begin this year with this and in the rear view mirror and our economy really has the opportunity to take off. i think it is apparent that on these -- december 29 without anything that's bold in place, that's probably not going to happen. so, unfortunately, for america, the next line in the sand will be the...
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there are ways to avoid the fiscal cliff in the next 36 hours. >> what is that mood like? i know you have been talking to them day in and day out. i was asking you on the commercial break what you are doing on capitol hill, what you are doing now. a lot of hurry up and wait. >> there's a lot of frustration. everybody understands this is a very serious issue. 36 hours from now, the fiscal cliff takes effect if there's inaction. there's some optimism. there's reason to be hopeful. i think the senate is going to come up with a plan we'll be able to vote on in the house. if not, the president put forward a plan that is ready to go now. there's no reason we can't get that done. >> the president has a back-up plan, he wants you to put something forward to make sure the tax cuts stay in place for the middle class. it's something you can support. what is your threshold? is it $400,000 or $500,000? if reid and mcconnell come up with a deal, what would you support? >> i would support $250,000. it's probably going to be higher than $250,000 somewhere between 400,000 and 500,000. if t
there are ways to avoid the fiscal cliff in the next 36 hours. >> what is that mood like? i know you have been talking to them day in and day out. i was asking you on the commercial break what you are doing on capitol hill, what you are doing now. a lot of hurry up and wait. >> there's a lot of frustration. everybody understands this is a very serious issue. 36 hours from now, the fiscal cliff takes effect if there's inaction. there's some optimism. there's reason to be hopeful. i...
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live for coverage of the fiscal cliff. myself and a cast of thousands with your latest as we count down toward the end of the year. "closing bell" coming up next. could be a big final hour of trading. bill griffith and an australian woman hosting the next hour. stay tuned anyway. >>> yeah. hang on, kids. here we go. welcome to "closing bell." i'm bill griffith. >> and i'm the australian woman. i'm mandy back at cnbc's world headquarters standing in for maria bartiromo. here we go, folks. stap yourself in. last trading hour for the whole year. the fiscal cliff, there may be a merge. we'll bring more on that. >> take a look at the charts. this tells the story in the last few minutes with mitch mcconnell on the floor saying that we are very, very close. we'll get more details from john harwood in a moment, but right now the markets are voting and they're giving thumbs up with the dow up 138 points. nasdaq up 2% right now. it's been strong all day. now at 3,020. and the s&p up 1.5%. >> look at those stocks go. president obama
live for coverage of the fiscal cliff. myself and a cast of thousands with your latest as we count down toward the end of the year. "closing bell" coming up next. could be a big final hour of trading. bill griffith and an australian woman hosting the next hour. stay tuned anyway. >>> yeah. hang on, kids. here we go. welcome to "closing bell." i'm bill griffith. >> and i'm the australian woman. i'm mandy back at cnbc's world headquarters standing in for maria...
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if it does go to the fiscal cliff and we go over it, sequestration would cut only $109 billion next year. that is actually not a lot in a budget of almost four trillion, is it? >> it's not a lot of the total number, half of that goes to defense which are own admirals and generals have said and secretary of defense would be devastating. this comes on top of -- $50 billion in one year to the defense. and it doesn't touch at all medicare and the other entitlement programs. >> gregg: biggest drivers and cost and absolutely nothing has been done about those things? >> it's criminal. she is things are going to destroy us. we can live with higher taxes, you might not think it's the best idea on the rich. i think it's a way to go about it but we can't survive we are without adjusting our entitlement reform unless it is addressed. >> gregg: jamie weinstein, it's criminal -- i didn't take it that far but you do did. >> without a fiscal cliff teal the pentagon is bracing for $500 billion but that is over the next decade and raises questions how military leaders plan to keep the nation safe. >> last
if it does go to the fiscal cliff and we go over it, sequestration would cut only $109 billion next year. that is actually not a lot in a budget of almost four trillion, is it? >> it's not a lot of the total number, half of that goes to defense which are own admirals and generals have said and secretary of defense would be devastating. this comes on top of -- $50 billion in one year to the defense. and it doesn't touch at all medicare and the other entitlement programs. >> gregg:...
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so it really is up to the government to do better and to resolve this fiscal cliff. in terms of who the next fed chairman's going to be, we don't have a sense on that. we think bernanke has done a masterful job, and we really do like him in this position. >> david katz, thank you very much for your time. >> thanks a lot. >>> that wraps up this special boxing day edition of "worldwide exchange." i'm seema mody. >> i'm jackie deangelis. it was great to be here with you this morning. don't forget to tune in to cnbc.com every tuesday and thursday at 1:00 p.m. eastern for my show, "futures now." "squawk box" is up next. >> have a great morning. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you n
so it really is up to the government to do better and to resolve this fiscal cliff. in terms of who the next fed chairman's going to be, we don't have a sense on that. we think bernanke has done a masterful job, and we really do like him in this position. >> david katz, thank you very much for your time. >> thanks a lot. >>> that wraps up this special boxing day edition of "worldwide exchange." i'm seema mody. >> i'm jackie deangelis. it was great to be here...
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host: can you take us through the next 48 hours on this debate on the fiscal cliff? what needs to happen? caller: ok. i say, the president should be willing to come up to $300,000, as far as tax increases. we need revenue. $400,000, some people make that. we need revenue. the only way to get it is to get it from people who actually have the money. there is no shame in helping our government. this is our government. the republicans need to understand that social security and medicare -- listen, those are so important. people are talking about i do not want children paying the bill. they will need social security as well. i want republicans to realize that they were elected to do the will of the people. not just the three% or whatever. they all need to understand that we are all affected by their thinking -- the president won the election, right? host: thank you for the call. i want to take you through some of the effects, if we do go off the fiscal cliff, if congress takes no action. this is the chart from the new york times of what will happen immediately and in the
host: can you take us through the next 48 hours on this debate on the fiscal cliff? what needs to happen? caller: ok. i say, the president should be willing to come up to $300,000, as far as tax increases. we need revenue. $400,000, some people make that. we need revenue. the only way to get it is to get it from people who actually have the money. there is no shame in helping our government. this is our government. the republicans need to understand that social security and medicare -- listen,...
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the question is, could it be too late to avoid the fiscal cliff? we'll look into that, a look at the new taxes you could be paying next week. >> clayton: after getting caught an explosion in iraq he was told he would never walk again. now this marine is climbing and will join us live with his incredible story. "fox & friends" hour three begins right now. er. >> clayton: welcome t. hello, hello. >> juliet: this is really a -- i guess this the best set we've ever had nor me. >> clayton: so beautiful. >> kelly: we hope steve, brian and gretchen are enjoying time off. >> clayton: and kelly wright, juliet and clayton in this morning. noise holiday and i'm looking forward to split up 'cause i get the birthday. subtle way to drop a hint. >> juliet: you're working new year's day? >> clayton: yeah, i'll be here. happy new year. >> kelly: and merry christmas if we got to you too late. we're getting a look at president obama who did enjoy a good christmas with his family in hawaii. he's boarding air force one and leaving hawaii. the president is in the air ri
the question is, could it be too late to avoid the fiscal cliff? we'll look into that, a look at the new taxes you could be paying next week. >> clayton: after getting caught an explosion in iraq he was told he would never walk again. now this marine is climbing and will join us live with his incredible story. "fox & friends" hour three begins right now. er. >> clayton: welcome t. hello, hello. >> juliet: this is really a -- i guess this the best set we've ever...
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aloha, hawaii, and ma halo, president obama heading back, off the fiscal cliff. will it happen? >> rick: deadly winter storm unleashing snow and rare tornadoes across parts of the country. now thousands are cleaning up and holiday travelers are stuck. i'm tracking where the storm is heading next. >> clayton: want to go to president obama's inauguration next month? why it will be easier than last time, a lot easier than last time. "fox & friends" hour two starts right now. >> gretchen: good morning, everybody. i'm gretchen carlson with clayton and rick. great to be back with you. >> clayton: did you have a good christmas? >> gretchen: i did. >> clayton: is it going to be a excite one toward the end of the year? all of these people trying to leave the in-laws house. >> rick: we learned the other day that gretchen loves her in-laws. >> gretchen: exactly, because there was a study and the mother-in-law takes the hit. >> rick: there must be a few people who say i can only handle three days of her. i can't go home -- >> gretchen: are you going to help them out. >> rick: you might have
aloha, hawaii, and ma halo, president obama heading back, off the fiscal cliff. will it happen? >> rick: deadly winter storm unleashing snow and rare tornadoes across parts of the country. now thousands are cleaning up and holiday travelers are stuck. i'm tracking where the storm is heading next. >> clayton: want to go to president obama's inauguration next month? why it will be easier than last time, a lot easier than last time. "fox & friends" hour two starts right...
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>> next at 5. over the cliff we go. with lawmakers and even the president saying how close a deal is.they will not meet the midnight deadline to avoid the fiscal cliff. we'll tell you what that means for you. plus, kron 4 is your new year's eve headquarters.live, team coverage of celebrations around the bay area and the world.next. on new year's eve, little reason to celebrate on capitol hill as congress sends the government over the fiscal cliff. at least for now. the president expressing his frustration at the partisan deadlock over spending cuts and taxes. >>> with this congress, that was obviously too much to hope for at this time. >> reporter: the senate is still expected to vote on the package tonight. but the house has adjourned until noon tomorrow. kron four's dan kerman is here to tell us how this all unfolded and what going over the cliff means for many americans. >> reporter: the house's decision to delay the vote means unemployment checks for 12 million americans could stop or atleast be delayed. it could al
>> next at 5. over the cliff we go. with lawmakers and even the president saying how close a deal is.they will not meet the midnight deadline to avoid the fiscal cliff. we'll tell you what that means for you. plus, kron 4 is your new year's eve headquarters.live, team coverage of celebrations around the bay area and the world.next. on new year's eve, little reason to celebrate on capitol hill as congress sends the government over the fiscal cliff. at least for now. the president...
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despite what steve might tell you watching fiscal cliff nonsense in washington can make you feel powerless. our next guest is here with the tips on how to make -- take some of you power back. joining us is rick newman, chief business correspondent for "u.s. news & world report" and author of "rebounders." so tell us, what can the average person do to sort of thwart against the realities of the fiscal cliff? >> my first tip is just relax. it's not going to be armageddon right off the bat. i mean, it is worth pointing out we hear the humongous figures like $500 billion in tax increases and stuff like that. most of those will not affect people until it's time to fill out the tax returns and won't happen until 2014. say the tax rates go up, the government is not going to automatically withhold more money from the paycheck and the tax rates can be in effect for most of the year. we hope they're not but congress could rescind them toward the end of the year and one thing to affect you is the payroll tax cut, two percentage points and spoebed to be temporary anyway. >> rick, one of the suggestion
despite what steve might tell you watching fiscal cliff nonsense in washington can make you feel powerless. our next guest is here with the tips on how to make -- take some of you power back. joining us is rick newman, chief business correspondent for "u.s. news & world report" and author of "rebounders." so tell us, what can the average person do to sort of thwart against the realities of the fiscal cliff? >> my first tip is just relax. it's not going to be...
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. >> it's the uncertainty, fiscal cliff and how things are going to pan out from these next few months moving forward. >> reporter: economic experts agree, in the past they say a looming sales tax hike would have inspired a shopping frenzy but not now. >> today i think it's the opposite. gee we're just in the midst of massive amounts of tax confusion i think this level of uncertainty is going to put some breaks on spending in general. >> i just think you should save money while you can. >> reporter: still some are spending here at the albany target. lawrence williams knew he needed a tv and figured he would save a few extra dollars buying today. >> with the tax hike and what have you, it's going to be even more expensive. so, why not save now. >> one bit of good news for shoppers, the sales tax increase does not apply to your gas. in alameda county, ann rubin, ktvu channel 2 news. >>> new california laws taking effect with the new year include efforts to better protect children. coaches and administrators in schools will be required to report suspected child sexual abuse. and it will b
. >> it's the uncertainty, fiscal cliff and how things are going to pan out from these next few months moving forward. >> reporter: economic experts agree, in the past they say a looming sales tax hike would have inspired a shopping frenzy but not now. >> today i think it's the opposite. gee we're just in the midst of massive amounts of tax confusion i think this level of uncertainty is going to put some breaks on spending in general. >> i just think you should save...
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cliff and we're going to deal with it over the next few days or few weeks. but unfortunately, for our country, every american's quality of life is going to be lesser than it should be because now this is going to drag on to the debt ceiling. we're going to have the same thing play out. >> the president says he's not going to play games, not going to play politics. >> i think he should lay out the reductions. we set the precedent on a dollar for a dollar, dollar increase in debt ceiling for a dollar in reductions. i actually laid out a bill to do that this week with lamar alexander. but i think what's been missing here, candy, is it appears to me that the president either lacks the courage or the will to lay out those specific things that need to happen because i assure you, if he would lay those out, the house would take it up, the senate would take it up, and we could move this behind us and we can start this next year with the wind at our back in this fiscal issue behind us like most of us would like to do. >> you know and i know that's not going to happen
cliff and we're going to deal with it over the next few days or few weeks. but unfortunately, for our country, every american's quality of life is going to be lesser than it should be because now this is going to drag on to the debt ceiling. we're going to have the same thing play out. >> the president says he's not going to play games, not going to play politics. >> i think he should lay out the reductions. we set the precedent on a dollar for a dollar, dollar increase in debt...
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if the fiscal cliff is fixed, then have a very strong first half and back half of next year. if it doesn't, we will have a situation that we see at christmas where low sales will not translate to mixed earnings. they will see a lot of margin improvements and upside from there. >> all right. we will leave it there. thank you. i appreciate your time. have a great holiday. >> thank you. >>> up next, hollywood is eyeing what could be the best for the box office ever. pushing towards the finish line is the hobbit. we will find out if the movie momentum should have a starring role in your 2013 portfolio and it could be the moment expensive christmas dinner in history. but why is no one buying? we have details including the $60,000 bottle of champagne. stay with us. >>> there aren't as many films as there used to be. holiday's take is down this year, according to the street.com. but there have been memorable holiday releases in the past. what are the three biggest christmas block busters of all time? find out next. a body at rest tends to stay at rest... while a body in motion tends
if the fiscal cliff is fixed, then have a very strong first half and back half of next year. if it doesn't, we will have a situation that we see at christmas where low sales will not translate to mixed earnings. they will see a lot of margin improvements and upside from there. >> all right. we will leave it there. thank you. i appreciate your time. have a great holiday. >> thank you. >>> up next, hollywood is eyeing what could be the best for the box office ever. pushing...
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i'm candy crowley in washington with the latest on the fiscal cliff negotiations. there was a big meeting at the white house today between the president and the four leaders, two republicans and two democrats on capitol hill. senator harry reid told reporters afterwards that the next 24 hours would be very important, as he and republican leader mitch mcconnell try to put together something that would pass both of their caucuses, that republicans in the senate would vote for and that democrats in the senate would vote for. and then, of course, it would have to go to the house. now, the majority leader senator reid said he's readying a bill for a vote on monday to prevent a tax hike on incomes up to $250,000. senator reid said his bill will include all of the additional provisions that the president outlined that include long-term unemployment benefits, a continuation of those. that would be sort of the plan b for democrats simply because what they would rather do is get a bill with senator reid working in conjunction with senator mcconnell. senator reid said he's aw
i'm candy crowley in washington with the latest on the fiscal cliff negotiations. there was a big meeting at the white house today between the president and the four leaders, two republicans and two democrats on capitol hill. senator harry reid told reporters afterwards that the next 24 hours would be very important, as he and republican leader mitch mcconnell try to put together something that would pass both of their caucuses, that republicans in the senate would vote for and that democrats...
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so i think we're dealing with a slowdown, even if they have some resolution to the fiscal cliff. i think the difference between next year, 2013, and this year, is if you think about what we were dealing with coming into the year in the beginning of 2012, people are concerned about the breakup of the euro, imminent u.s. recession, they were saying, china hard landing. so when some of these things didn't happen, all we needed last year, this year, was less bad in the market. i think in 2013, we're going to need to see better economic growth as the year moves forward. because, as you say, the market is reasonably valued. but it's not cheap. and i think to jason's earlier point, there are some stocks out there that are very, very attractive. but there are some stocks that look fairly expensive, and those are the ones that are the defensive, and high-income plays today. >> chris, everyone's waiting for this asset allocation shift away from fixed income, towards equities. the retail investor, for whatever reason, for a variety of reasons that we can all list, i guess, has just been ver
so i think we're dealing with a slowdown, even if they have some resolution to the fiscal cliff. i think the difference between next year, 2013, and this year, is if you think about what we were dealing with coming into the year in the beginning of 2012, people are concerned about the breakup of the euro, imminent u.s. recession, they were saying, china hard landing. so when some of these things didn't happen, all we needed last year, this year, was less bad in the market. i think in 2013,...
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will a last-minute fiscal cliff deal get done? and if it does what will it look like. >>> we have a deal. we may still get hit with an automatic tax hike. how much will that cost you? in time for the new year, a new snowstorm headed to the northeast. we'll let you know how bad this will get. and the yore in review, up with of the most unique and appalling takes on the year in review. good morning to you all. welcome to weekends with alex witt. no alex today. taking a much deserved weekend off. i'm t.j. holmes, good to be with you. new this morning, president obama outlining his course of action if we all go off the cliff. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up-or-down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job and lays the ground work for more economic growth and deficit reduction. >> the president is optimistic that a deal can be reached midnight on new year's eve. listen to senate m
will a last-minute fiscal cliff deal get done? and if it does what will it look like. >>> we have a deal. we may still get hit with an automatic tax hike. how much will that cost you? in time for the new year, a new snowstorm headed to the northeast. we'll let you know how bad this will get. and the yore in review, up with of the most unique and appalling takes on the year in review. good morning to you all. welcome to weekends with alex witt. no alex today. taking a much deserved...
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cliff. >> hey. good to be back. >> just give me a quick overview of how you think this is going to go in the next hours and couple of days. >> it's looking good in the senate. it's democrats look like they're all on board. looks like mitch mcconnel has republicans on board. it needs to pass with large margin. the big question mark is the house. john ba john baoehner has had this marker. he said no to his own plan b bill that had the tax rates going up for those over a million dollars. there's no question will be republican defections in the house. can he keep together a ma jorjo of his caucus. the house republicans have been so unpredictable that i couldn't wager a guess on that. i would think they want to take this deal and live to fight another day but you just don't flow until you see the votes come through. >> i'm sure you just overhead my conversation. john boehner is in really tough spot. talk about your thoughts on what he's got to be doing as far as the dance to please members of his party a
cliff. >> hey. good to be back. >> just give me a quick overview of how you think this is going to go in the next hours and couple of days. >> it's looking good in the senate. it's democrats look like they're all on board. looks like mitch mcconnel has republicans on board. it needs to pass with large margin. the big question mark is the house. john ba john baoehner has had this marker. he said no to his own plan b bill that had the tax rates going up for those over a million...
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>> as with the fiscal cliff it doesn't appear readily discernable, lou. prident obama released a video message vowing to fight for new gun control laws early next year. the down tours of this debate are already taking shape as leading democrats are pressing for renewed assault weapons ban and for new limit on semitick ammunition magazines. a leading senate democrat says she favored schools being allowed to have armed guards if they so choose but she then cited the columbine massacre. >> in fact there were two armed law enforcement officers who twice engaged the shooters at column bind. that didn't prevent 15 from being killed and 23 wounded. >> however opponents of the assault weapons ban say that law was also in effect when columbine occurred and failed to prevent it. lou? lou: james, thank you. it is ex-orlando nary proposal comes from the national rifle association, a straightforward, simple and likely highly effective proposal. certainly to, going to be part of that debate. james rosen, as always, thank you very much. >> thank you, lou. lou: president
>> as with the fiscal cliff it doesn't appear readily discernable, lou. prident obama released a video message vowing to fight for new gun control laws early next year. the down tours of this debate are already taking shape as leading democrats are pressing for renewed assault weapons ban and for new limit on semitick ammunition magazines. a leading senate democrat says she favored schools being allowed to have armed guards if they so choose but she then cited the columbine massacre....
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Dec 29, 2012
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it's not going to be on popularity over the next few weeks if we go over the fiscal cliff and he ends up making cuts and so forth. what is going to happen is ultimately if this is is a success or a failure, it's his legacy that's going to tell the story that doesn't come down for republican's back against the walls this mess that krauthammer pointed out. what the republicans are doing mess in the house putting up this plan b and may get less than plan b they couldn't get a vote on plan b. senator corker thinks this whole thing he mentioned last night on greta is really too much spending keeping the spending and getting the tax increases, listen. >> it's a shame in this nation where every developed country in the world knows that our greatest threat is our fiscal solvency that you would have to have leverage points. you would think people would sit down and solve the problem because we know it is our greatest threat. that's not the case here. we have a president who has not laid out a plan. he is obviously a spendaholic. time quickly running out for a deal washington will be working al
it's not going to be on popularity over the next few weeks if we go over the fiscal cliff and he ends up making cuts and so forth. what is going to happen is ultimately if this is is a success or a failure, it's his legacy that's going to tell the story that doesn't come down for republican's back against the walls this mess that krauthammer pointed out. what the republicans are doing mess in the house putting up this plan b and may get less than plan b they couldn't get a vote on plan b....
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Dec 27, 2012
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off the fiscal cliff, this fall is really going to hurt. that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching haum, the place for politics. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. if by blessed y
off the fiscal cliff, this fall is really going to hurt. that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching haum, the place for politics. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with...
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Dec 27, 2012
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there is some political advantage to waiting to go off the fiscal cliff and coming back in january. the house speaker john boehner may have more flexibility as we're just saying. so that's one plus and democrats also will have a strengthened position in the congress come january. >> if republicans wait until the start of the new congress they can say, you know what? we voted to lower taxes. >> exactly. >> they just went up. >> i want to end with you here because we spend a lot of time talking about the fiscal cliff and the fact of the matter is the sequestration is fazed in. >> right. >> when you start talking about some of these taxes, whether it's the ending of unemployment insurance -- >> yeah. >> whether it's the payroll tax holiday going away, you start talking about an immediate impact for millions of families in this country. >> part of david's spoipoint is there's two to three-month wriggle room and shifting resources to unemployment insurance to keeping marginal tax rates unchanged, you know, for the next few months. at some point, look, they won't be able to do that. i wou
there is some political advantage to waiting to go off the fiscal cliff and coming back in january. the house speaker john boehner may have more flexibility as we're just saying. so that's one plus and democrats also will have a strengthened position in the congress come january. >> if republicans wait until the start of the new congress they can say, you know what? we voted to lower taxes. >> exactly. >> they just went up. >> i want to end with you here because we spend...
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Dec 28, 2012
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"off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching "hardball," the place for politics. check out my new treadmill app. pretty sweet, huh? cute. but don't you have any apps on your phone that can make your life easier? who do you think i am, quicken loans? at quicken loans, we'll provide you with myql mobile. this amazingly useful app allows you to take pictures of your mortgage documents using an iphone or android smart phone... so you can easily send them to us. one more way quicken loans is engineered to amaze. ooh, la-la! >>> i'm craig melvin. we have some breaking news at this hour. nbc news laz learned president obama will host a meeting tomorrow afternoon with congressional leadership from both sides of the aisle. house this really a concussion -- >> you mean john bolton. >> i feel if s
"off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching "hardball," the place for politics. check out my new treadmill app. pretty sweet, huh? cute. but don't you have any apps on your phone that can make your life...
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Dec 31, 2012
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coming down to the wire as we approach the fiscal cliff. still without a solid deal in place, but both the president and mitch mcconnell, the senator on the republican side, say we're close. up next, allison deans shows you what to invest in whether we have a deal or whether we fall over that edge. ♪ liz: talk about a cliffhanger, with just minutes left in the trading day, the nation's toes clinging like this, like kilroy, right? over the edge of the fiscal cliff. no deal written in stones, but the markets still believe -- 139 points for the dow jones industrials -- that there may be some type of deal. join us now, allison deans, the senior adviser at varick asset management. we brought you in because you're so good at this kind of stuff, and we thought what we should invest in there is no deal or if there is a deal. what's your mind telling you? >> i think there will be a deal. i think if it doesn't happen tonight, they'll exing tend -- extend some of the benefits, and my sense is it'll be a compromise for both parties. it's just a shame
coming down to the wire as we approach the fiscal cliff. still without a solid deal in place, but both the president and mitch mcconnell, the senator on the republican side, say we're close. up next, allison deans shows you what to invest in whether we have a deal or whether we fall over that edge. ♪ liz: talk about a cliffhanger, with just minutes left in the trading day, the nation's toes clinging like this, like kilroy, right? over the edge of the fiscal cliff. no deal written in stones,...
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Dec 28, 2012
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now, is there a value to kicking the can down the road in avoiding the fiscal cliff? yes. but if they go over the cliff and then fix it in the next week with another stopgap, is there any real harm? who knows. if that make it is easier for republicans to vote for it, is it a disaster? probably not. but understand we had seven weeks in which we could have a done a big deal which would have gotten the debt under control, would have caused the economy to -- it would have been a catalyst to have this economy take off, and we blew it. we blew it. >> you know, governor dean, to that point here we are essentially looking over the abyss of the fiscal cliff, and i know you have said in the past let's just go over the cliff and start from scratch. do you still think that's the way to go? >> i do. actually, i hope they never come to a deal because this is the best deficit reduction package the democrats are ever going to get. but let's look at what really is going to happen here. i would be more surprised if they came to a deal in the next five days than i was by the roberts vote on
now, is there a value to kicking the can down the road in avoiding the fiscal cliff? yes. but if they go over the cliff and then fix it in the next week with another stopgap, is there any real harm? who knows. if that make it is easier for republicans to vote for it, is it a disaster? probably not. but understand we had seven weeks in which we could have a done a big deal which would have gotten the debt under control, would have caused the economy to -- it would have been a catalyst to have...
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Dec 28, 2012
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obama will meet with leaders from capitol hill today, hoping to avoid the fiscal cliff, combination of spending cuts and tax hikes with will go into effect unless lawmakers can broker a deal before the end of the year. will meet with congressional white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. jive to be very honest mr. president, -- >> i have to be very honest mr. president, i don't know time-wise how it can happen now. >> reporter: senate majority leader harry reid]vtkÑ lashed ot at speaker boehner accusing him of running a tar forship. >> john boehner seems to -- >> reporter: republican leaders blame democrats for the standoff and say there are limits to a compromise. >> republicans aren't about to write a blank cheque or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his hawaii vacation yesterday. speaker boehner call the house back into town for an unusual sunday session. mem
obama will meet with leaders from capitol hill today, hoping to avoid the fiscal cliff, combination of spending cuts and tax hikes with will go into effect unless lawmakers can broker a deal before the end of the year. will meet with congressional white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. jive to be very honest mr. president, -- >> i have to be very honest mr. president, i don't know time-wise how it can happen now....
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Dec 30, 2012
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we're less than 48 hours away from the fiscal cliff. will congress and the white house be able to reach a deal before americans see a 500 billion dollar tax increase? >> and george h.w. bush's health taking a turn for the better. there's good news regarding the former president's healths. >> clayton: well put. >> juliet: well said. >> clayton: a frightening moment when an airplane broke in half crashing on to a busy highway, caught on camera. watch this. >> juliet: oh, how about that car? >> that's not something you see every day. >> no. >> "fox & friends" begins right now. ♪ >> hey, everybody. >> juliet: hi, everybody. >> dave: good sunday morning, juliet huddy in for ali. how are you doing, my friend. >> clayton: dave usually gets the coffee. and no coffee around this place. >> dave: i apologize. >> clayton: dave overslept and dropped the ball. >> dave: it happened with my iphone. i woke up an hour too late to my wife shaking me. >> juliet: i don't know what it is about this morning. i'm like in lala land. >> clayton: there is no sn
we're less than 48 hours away from the fiscal cliff. will congress and the white house be able to reach a deal before americans see a 500 billion dollar tax increase? >> and george h.w. bush's health taking a turn for the better. there's good news regarding the former president's healths. >> clayton: well put. >> juliet: well said. >> clayton: a frightening moment when an airplane broke in half crashing on to a busy highway, caught on camera. watch this. >> juliet:...